Mutual Bank in Harvey, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2009

  • Mutual Bank in Harvey, Illinois (IL)
  • Show street view No street view available for this location

Mutual Bank - Overview

  • General
  • FDIC Certificate #: 18659
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: United Central Bank (#25330)
    Federal Reserve ID: 754433
    Date Established: December 15, 1962
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 12538
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 15, 1962
    Last Structure Change Effective Date: July 31, 2009
    Last Structure Change Process Date: August 04, 2009
    Last Data Update: August 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 16540 South Halsted Street, Harvey, IL 60426
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,595.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2008)

  • Dollar figures in thousands
  • 185Total employees (full-time equivalent)
  • $1,693,167Total assets
  • $64,356Cash and due from depository institutions
  • $61,424Interest-bearing balances
  • $167,615Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $1,369,943Net loans & leases
  • $34,692Loan loss allowance
  • $0Trading account assets
  • $21,915Bank premises and fixed assets
  • $47,664Other real estate owned
  • $5,653Goodwill and other intangibles
  • $0Life insurance assets
  • $13,021All other assets
  • $1,693,167Total liabilities and capital
  • $1,615,916Total liabilities
  • $1,566,311Total deposits
  • $1,499,564Interest-bearing deposits
  • $1,566,311Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,590Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,300Other borrowed funds
  • $28,000Subordinated debt
  • $4,715All other liabilities
  • $77,251Total equity capital
  • $77,251Total bank equity capital
  • $77,251Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $119,175Undivided profits
  • Memoranda
  • $-42,174Noncurrent loans and leases
  • $76,044Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $217,312Earning assets
  • $0Long-term assets (5+ years)
  • $7,536Average Assets, year-to-date
  • $1,601,982Average Assets, quarterly
  • $174,885Volatile liabilities
  • $1,625,100Insider loans
  • $1,685,726FHLB advances
  • $347,380Loans and leases held for sale
  • $7,506Unused loan commitments
  • $15,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,044Total unused commitments
  • $17,267Restructured Loans and leases
  • $47,136Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $109,391Total interest income
  • $67,816Total interest expense
  • $41,575Net interest income
  • $84,246Provision for loan and lease losses
  • $1,842Total noninterest income
  • $0Fiduciary activities
  • $1,148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $694Additional noninterest income
  • $26,534Total noninterest expense
  • $10,113Salaries and employee benefits
  • $3,441Premises and equipment expense
  • $12,980Additional noninterest expense
  • -$67,363Pre-tax net operating income
  • $1,742Securities gains (losses)
  • $0Applicable income taxes
  • -$65,621Income before extraordinary items
  • $0Extraordinary gains - net
  • -$65,621Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $61,054Sale, conversion, retirement of capital stock, net
  • $1,062Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.73%Noninterest expense to earning assets
  • -4.15%Net operating income to assets
  • -4.04%Return on assets (ROA)
  • -4.04%Pretax return on assets
  • -55.91%Return on equity (ROE)
  • -56.82%Retained earnings to average equity (YTD only)
  • 4.51%Net charge-offs to loans
  • 137.99%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 60,370Assets per employee
  • 9.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.62%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 15.96%Noncurrent assets plus other real estate owned to assets
  • 15.65%Noncurrent loans to loans
  • 15.47%Net loans and leases to deposits
  • 87.46%Net loans and leases to core deposits
  • 112.24%Equity capital to assets
  • 4.56%Core capital (leverage) ratio
  • 4.16%Tier 1 risk-based capital ratio
  • 4.64%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $1,625,100Average earning assets
  • $117,360Average equity
  • $1,537,426Average loans

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